Sumitomo Mitsui Trust Holdings Inc. Boosts Holdings in Nutrien Ltd. (NYSE:NTR)

Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Nutrien Ltd. (NYSE:NTR) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,547,418 shares of the company’s stock after purchasing an additional 6,887 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.31% of Nutrien worth $87,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Townsend & Associates Inc raised its position in shares of Nutrien by 27.8% in the 3rd quarter. Townsend & Associates Inc now owns 163,942 shares of the company’s stock worth $10,125,000 after purchasing an additional 35,690 shares during the last quarter. CIBC Asset Management Inc raised its position in Nutrien by 2.5% in the 3rd quarter. CIBC Asset Management Inc now owns 6,361,084 shares of the company’s stock worth $394,047,000 after buying an additional 154,159 shares during the last quarter. Canoe Financial LP raised its position in Nutrien by 64.6% in the 3rd quarter. Canoe Financial LP now owns 75,945 shares of the company’s stock worth $4,690,000 after buying an additional 29,819 shares during the last quarter. First Eagle Investment Management LLC raised its position in Nutrien by 0.5% in the 3rd quarter. First Eagle Investment Management LLC now owns 9,262,659 shares of the company’s stock worth $572,062,000 after buying an additional 48,230 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Nutrien by 1.5% in the 3rd quarter. Deutsche Bank AG now owns 14,708,135 shares of the company’s stock worth $908,374,000 after buying an additional 214,299 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Trading Up 0.3 %

NTR stock opened at $51.81 on Thursday. Nutrien Ltd. has a 1-year low of $47.90 and a 1-year high of $75.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.65. The company has a market capitalization of $25.62 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.89 and a beta of 0.89. The business has a 50 day simple moving average of $52.84 and a two-hundred day simple moving average of $54.37.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.35). Nutrien had a return on equity of 8.59% and a net margin of 4.33%. The business had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the previous year, the company earned $2.02 earnings per share. The company’s revenue for the quarter was down 24.8% compared to the same quarter last year. Research analysts anticipate that Nutrien Ltd. will post 3.91 EPS for the current fiscal year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 4.17%. This is an increase from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, March 27th. Nutrien’s dividend payout ratio is presently 85.38%.

Analyst Ratings Changes

NTR has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Nutrien from $77.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, February 26th. Stifel Nicolaus boosted their target price on Nutrien from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. JPMorgan Chase & Co. downgraded Nutrien from a “neutral” rating to an “underweight” rating and cut their price target for the company from $58.00 to $48.00 in a research note on Friday, February 23rd. Wolfe Research started coverage on Nutrien in a research note on Friday, March 1st. They set an “outperform” rating and a $66.00 price target for the company. Finally, Jefferies Financial Group started coverage on Nutrien in a research note on Tuesday, March 26th. They set a “buy” rating and a $62.00 price target for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Hold” and an average price target of $67.95.

Nutrien Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.